← Back to the club

Innoviz Technologies

LidarIsrael
📉 Public < $1B
Peak $1.4 BillionToday
~-79%
from peak
  1. 🦄
    Became a unicorn
    Apr 2021
  2. 📈
    Peak valuation
    $1.4 Billion ’21
  3. 💔
    Became a Unitard
    2022
  4. 💸
    Last valuation
    ~$294M
Current status
Public ~$0.3B

How it happened

Innoviz Technologies is an Israeli lidar maker for autonomous vehicles that went public via SPAC in April 2021 at roughly a $1.4B valuation. As the lidar sector sold off and automotive autonomy timelines slipped, its shares declined sharply, dropping its market cap below $1B to around ~$0.3B, about 79% below peak.

Source: stockanalysis.com Sept 2025